Saudi bank credit records annual growth of over SR443 billion by end of April 2025
RIYADH — Bank credit granted to the public and private sectors in Saudi Arabia reached SR3,126,381 million (over SR3.126 trillion) by the end of April 2025, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for April.
This marks an annual growth of 16.5 percent and an increase of more than SR443.018 billion compared to the same period in 2024, when bank credit stood at SR2.683 trillion. Quarterly, bank credit continued to rise at all levels, recording a growth of five percent compared to the fourth quarter of 2024, increasing by SR146.411 billion. By the end of the first quarter of 2025, bank credit had grown from over SR2.955 trillion to over SR3.101 trillion.
On a monthly basis, bank credit recorded a growth of 0.8 percent, rising by SR24.420 billion, compared to March 2025, when it stood at SR3,101,961 million.
Bank credit granted to the public and private sectors was distributed across more than 17 diverse economic activities, serving as a key driver in achieving comprehensive and sustainable economic growth and contributing to the goals of Saudi Vision 2030.
According to SAMA data, long-term credit (for over three years) accounted for 49 percent of total bank credit, valued at over SR1.524 trillion. Short-term credit (less than one year) represented 36 percent, amounting to over SR1.135 trillion. Medium-term credit (from one to three years) comprised about 15 percent, totaling SR465.937 billion.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saudi Gazette
6 hours ago
- Saudi Gazette
Saudi Arabia and Syria to hold investment forum in Damascus to boost cooperation
Saudi Gazette report RIYADH — Saudi Arabia is moving forward with plans to deepen its bilateral ties with Syria through the launch of the Syrian-Saudi Investment Forum 2025, the Ministry of Investment announced on Tuesday. The initiative reflects the Kingdom's continued commitment to supporting Syria and contributing to its stability and prosperity. The forum aims to build on the historic ties and shared heritage between the two nations and strengthen economic cooperation in line with Saudi Arabia's strategic vision of regional integration and mutual benefit. Acting on the directives of Crown Prince Mohammed bin Salman, the Ministry of Investment has launched efforts to activate the role of the private sector in both countries by facilitating cross-border partnerships.
Saudi Gazette
6 hours ago
- Saudi Gazette
Saudi Arabia allows special travel permits for business visits to Syria
Saudi Gazette report RIYADH — The Saudi Embassy in Damascus has announced the introduction of special travel permits for businesspeople and investors from both Saudi Arabia and Syria, paving the way for renewed economic engagement and investment exploration between the two countries. The move marks a notable shift in bilateral economic relations, following Saudi Arabia's 2015 decision to ban travel to Syria due to deteriorating security and political conditions at the time. This latest development coincides with the visit of a Saudi business delegation to Syria over the past two days, where they met with Syrian President Ahmad Al-Sharaa and other senior officials. The permits are expected to facilitate broader investment cooperation amid warming diplomatic ties and the ongoing normalization of official relations between Riyadh and Damascus.
Saudi Gazette
7 hours ago
- Saudi Gazette
Saudi minister calls for global reform, highlights Vision 2030 as G20's fastest development driver
Saudi Gazette report NEW YORK — Saudi Minister of Economy and Planning Faisal Al-Ibrahim affirmed that Vision 2030 has made Saudi Arabia the fastest-advancing G20 nation in sustainable development indicators over the past decade. Speaking at the 2025 UN High-Level Political Forum in New York, Al-Ibrahim emphasized the urgency of deep, action-driven reforms as the world approaches the 80th anniversary of the United Nations. 'Progress alone is not enough,' he said, warning that development confined to intentions fails to drive real change. He stressed the need for a sharper global focus on urgent priorities, with impact-oriented strategies that deliver tangible, sustainable outcomes. Revisiting a call Saudi Arabia made at last year's forum, Al-Ibrahim reiterated the Kingdom's proposal for a new development framework built on three principles: channeling resources toward the most pressing challenges, designing scalable and adaptable solutions across national contexts, and grounding decisions in robust, evidence-based data. He announced that Saudi Arabia has launched a new national sustainable development blueprint rooted in local innovation, citing the Medina Sustainable Development Atlas as a global model. The atlas covers all 17 neighborhoods in the city, offering policymakers access to detailed, scenario-based data to guide strategic planning. Al-Ibrahim pledged continued collaboration with global partners to turn commitments into outcomes and ambitions into reality, adding: 'What the world lacks today is not ambition, but focus, cooperation, and bold implementation.' He concluded by affirming that achieving results is within reach—urging stakeholders to build on past progress with renewed momentum.
